Damages Provision

If any legal proceeding is instituted, neither you nor company will be entitled to seek or obtain punitive or exemplary damages of any kind from the other or, in your case, from company subsidiaries are divisions, or from the officers, directors or employees of company, its subsidiaries are divisions, or to seek or obtain damages or compensation for emotional distress. Nothing herein shall preclude an award of compensatory or punitive damages against any other third party.

General information, not legal advice. Treat this as a drafting starting point, not a finished policy — employment law varies by jurisdiction and changes often, so have a licensed attorney tailor it to your situation before you rely on it.

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